Guess how much Coca-Cola spent on its logo. Coca-Cola Company One of the most important parts of a company's branding strategy is choosing the right logo. The process takes a lot of time, vision, talent ... and sometimes money.

But you'll be surprised which companies spent millions and which spent the cost of a movie ticket on their iconic images.

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Coca-Cola: $0

Coke's famous logo was created by its founder's partner and bookkeeper, Frank M. Robinson, in 1886. According to the soft drink's website, Robinson "suggested the name Coca‑Cola, thinking that 'the two Cs would look well in advertising'. He wanted to create a unique logo to go with it, and experimented writing the company's name in elaborate Spencerian script, a form of penmanship characteristic of the time."

Nike: $35

Nike co-founder Phil Knight purchased the famous swoosh logo from graphic design student Carolyn Davidson in 1971. Knight was teaching an accounting class at Portland State University, and he heard Davidson talking about not being able to afford oil paints in the halls. That's when he offered her $2/hour to do charts, graphs, and finally a logo.

"I don't love it, but maybe it will grow on me," Knight said, after doling out $35 for the swoosh.

Enron: $33,000

NeXT: $100,000

Paul Rand also designed the NeXT logo for Steve Jobs in 1986, this time for $100,000.

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London 2012 Olympics: $625,000

The Olympics 2012 organizing committee shelled out £400,000—translating to about $625,000—for what turned out to be a very controversial logo. Wolff Olins designed the logo in 2007 and was critiqued for either being too sloppy or looking like Lisa Simpson performing oral sex.

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Pepsi: $1 million

Arnell Group redesigned Pepsi's logo to the tune of $1 million in 2008. According to Stock Logos, "The listed prices include a complete branding package unless otherwise noted."

A 27-page document, titled "Breathtaking," was full of pop-culture buzz words explaining Arnell's methodology for the redesign. The report was mocked using phrases like: "Emotive forces shape the gestalt of the brand identity."